A: Absolutely not mandatory. It helps the PA's office understand more about the transaction (to determine if it was qualified sale), and it also helps them understand the condition of the property for valuation purposes. Unfortunately, it could also work against you if you plan on contesting your value sometime in the near future. I personally recommend against filling it out.

A: It all depends on what is written in the contract for sale and purchase. Most have financing contingency clauses that have very specific timelines in order to perform certain tasks, Without seeing the agreement, it is virtually impossible to answer the question. The same goes for the Sellers stalling. Time is usually of the essence in these contracts, but again, I would have to see the actual agreement.